KBR, Inc. $KBR Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its stake in KBR, Inc. (NYSE:KBR) by 12.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,592,187 shares of the construction company’s stock after selling 498,687 shares during the period. Massachusetts Financial Services Co. MA’s holdings in KBR were worth $169,875,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KBR. Norges Bank acquired a new position in KBR in the second quarter valued at $92,565,000. Boston Partners boosted its position in shares of KBR by 25.6% in the 2nd quarter. Boston Partners now owns 5,506,603 shares of the construction company’s stock valued at $264,474,000 after purchasing an additional 1,122,076 shares during the period. Copeland Capital Management LLC acquired a new stake in shares of KBR in the 3rd quarter valued at about $33,666,000. Invesco Ltd. grew its stake in KBR by 11.0% during the 2nd quarter. Invesco Ltd. now owns 5,465,232 shares of the construction company’s stock worth $262,003,000 after buying an additional 539,565 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in KBR by 17.8% during the second quarter. Franklin Resources Inc. now owns 3,419,468 shares of the construction company’s stock worth $163,929,000 after buying an additional 517,633 shares during the period. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KBR Stock Performance

Shares of KBR stock opened at $44.67 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.74. The stock has a 50 day simple moving average of $42.16 and a 200-day simple moving average of $45.40. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 1.10 and a beta of 0.52. KBR, Inc. has a 12-month low of $39.52 and a 12-month high of $60.98.

KBR (NYSE:KBR) last announced its quarterly earnings data on Wednesday, October 29th. The construction company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.07. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.99 billion. KBR had a return on equity of 35.14% and a net margin of 4.71%.KBR’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 earnings per share. On average, equities analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KBR. Citigroup decreased their price objective on KBR from $62.00 to $57.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Wall Street Zen cut shares of KBR from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Oppenheimer began coverage on shares of KBR in a research note on Tuesday, December 2nd. They issued an “outperform” rating and a $60.00 price objective on the stock. Bank of America decreased their target price on shares of KBR from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Finally, Weiss Ratings cut KBR from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $57.40.

About KBR

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.